H.R.3508: To require the President to impose sanctions on foreign financial institutions that conduct transactions with the Central Bank of Iran.

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about international affairs
  • Introduced Nov. 22, 2011
  • Latest Major Action Jan. 12, 2012

Bill Sponsor

Bill Cosponsors

2 (1 Democrat, 1 Republican)

Bill Summary

Amends the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 to direct the President to: (1) prohibit the opening or maintaining in the United States of a correspondent or payable-through account by a foreign financial institution that has knowingly conducted any financial transaction with the Central Bank of Iran; and (2) freeze and prohibit all property and property interest transactions of such institution if the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Foreign Affairs
Referred to House Financial Services
Referred to the Subcommittee on International Monetary Policy and Trade.
Nov. 22, 2011

Introduced in the House by Jeff Flake (R-Ariz.)

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